Word: gateway
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...Central Java's governor, General Mardiyanto, has proposed a huge public-works project that would sweep away the asongan and replace them with a three-story mall on the outskirts of the zoned district around the stupa. The new complex, bearing the Disneyesque name Java World, would be the gateway to the monument for all visitors, who would park there and progress to the site aboard a silent tram. In place of the chaos that currently reigns at Borobudur, there would be a bland but orderly array of tourist shops, the boisterous ladies selling soft drinks out of ice chests...
...recipients to 10. The public face of new Scottish cooking, thanks to his award-winning BBC programs and best-selling books, is Nick Nairn, the youngest Scot ever to have won a Michelin star. Nairn's latest venture is a cooking school on the Lake of Menteith, in the gateway to the Highlands. "Ten years ago nobody would have dreamed of opening a cookery school in Scotland," he says. Now his courses are booked months in advance. Nairn is only one of the chefs updating the image of Scottish cookery. In a converted crofter's cottage on the Isle...
...Prices have already declined markedly over the last 18 months. In November, U.S. computer maker Gateway jumped into the flat-TV market with the first 42-inch plasma model selling for less than $3,000, undercutting existing brands by at least $1,000. Paul O'Donovan, senior analyst at consulting firm Gartner Dataquest, predicts that by the end of 2004, lcd TVs at sizes under 20 inches may cost just $50 more than comparable crts. Prices in general are expected to fall by at least 20% a year for the next several years...
...plenty of company. Using cheap debt and inflated equity as currency, scores of firms expanded internationally during the go-go 1990s--not just through exporting, but by making direct foreign investments--and lost big. From tech (Gateway Computer) to financial services (Merrill Lynch) to media (Vivendi Universal) to energy (TXU and others), many firms are scrambling to restore their balance sheets after disastrous foreign campaigns. Partly as a consequence, U.S. foreign direct investment was down 55% in the first half of this year compared with the same period in 1999, when it peaked at $175 billion for the year...
...Indeed, prices keep sliding not simply because supply is out of whack with demand; Hong Kong has lost some of its global competitiveness. In its glory days, the city was the undisputed gateway to China, making it an attractive headquarters location for corporations, a boon to office rents. But with China's ongoing opening to the world, some of that allure has been lost to Shanghai and other Mainland cities. Analysts argue prices became so overheated during the bubble that the decline is actually healthy for the city?and the government should leave well enough alone. "Get the pain...